Property & Mortgages

The housing market is suffering a slow strangulation due to the lack of second-hand homes for sale (stock image) House sales grind to near halt in first half of 2017 Independent.ie The number of new and second-hand houses changing hands has collapsed in recent months, with only 324 transactions being registered in the first half of June. http://www.independent.ie/business/personal-finance/property-mortgages/house-sales-grind-to-near-halt-in-first-half-of-2017-35883894.html http://www.independent.ie/business/article35883893.ece/7f959/AUTOCROP/h342/2017-07-02_bus_32499217_I1.JPG Email ...

Trinity economics professor Dr Ronan Lyons said it was important to understand the “relative scale” of the short-term lettings impact on housing. He told a Housing, Community, Planning and Local Government committee yesterday that 10pc of houses in Dublin were vacant and this was “twice the vacancy rate that would be considered healthy” for a city. “If you can imagine ...

Rush for mortgages is pushing up prices faster than in boom Independent.ie Mortgages are squeezing out cash buyers in large numbers for the first time since the downturn, helping drive house price rises to boom-time levels across swathes of the country. http://www.independent.ie/business/personal-finance/property-mortgages/rush-for-mortgages-is-pushing-up-prices-faster-than-in-boom-35864671.html http://www.independent.ie/incoming/article35866002.ece/c6396/AUTOCROP/h342/House%20price.png Email Mortgages are squeezing out cash buyers in large numbers for the first time since the downturn, ...

Question: I own a couple of apartments in Dublin city centre which I am renting out to tenants. I was hoping to use the dwelling house exemption so that those apartments could be passed onto my sons tax-free. The tenants are due to move out of the apartments soon and my sons were planning to move into an apartment each ...

The study of housing inequalities in Northern Ireland, which is published today, reveals that Catholics are waiting six months longer than Protestants for social housing. According to the report, social housing waiting lists for 2004-2009 and for 2013/14 show that Catholics experienced “the longest median waiting times for social housing at the point of allocation in Northern Ireland”. While the ...

The rebuilding of South Dublin. Money moves in on streets of big change Independent.ie Over the past few years a casual observer of the landscape of some of our more salubrious streets and suburbs would have seen some far-from-subtle changes. http://www.independent.ie/business/personal-finance/property-mortgages/money-moves-in-on-streets-of-big-change-35837724.html http://www.independent.ie/incoming/article35837484.ece/d1a81/AUTOCROP/h342/2223moneymoves.png Email Over the past few years a casual observer of the landscape of some of our more salubrious ...

AIB’s HQ in Ballsbridge — a reduction in Irish mortgage interest rates to the eurozone average would cost AIB €435m a year and Bank of Ireland €360m Are greedy mortgage lenders about to see enormous margins squeezed? Independent.ie Bank of Ireland’s move to cut some of its mortgage rates and the Competition and Consumer Protection Commission’s call for greater competition ...

In a memo issued to TDs last night, the party predicted that Ireland is facing into another housing bubble. The document, written by the party’s housing spokesperson Barry Cowen, promises to turn 260,000 vacant properties into homes under a Fianna Fáil government. The party also wants to introduce a VAT reduction on residential construction for a period of three years ...

However, in a lengthy report into the sector, the Competition and Consumer Protection Commission (CCPC), which is chaired is Isolde Goggin, effectively found that banks’ difficulty repossessing homes after a default is a significant factor in the high cost of Irish credit. The report was commissioned because mortgage interest costs here are the highest in Europe. Among its findings, the ...

IRVINE, Calif.–(BUSINESS WIRE)–CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report which shows that, nationally, 4.4 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in March 2017. This represents a 0.8 percentage point decline in the overall ...